Nov 21 DOJ seeks to break up Google, forcing web browser Chrome sale as monopoly punishment By Michael Liedtke, Associated Press The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Continue reading
Nov 20 Billionaire Gautam Adani charged with fraud, hiding bribery scheme from investors By Associated Press An Indian businessman who is one of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in his home country by concealing that it was facilitated by alleged… Continue reading
Nov 18 Spirit Airlines files for bankruptcy as financial blows pile up By David Koenig, Associated Press Spirit, the biggest U.S. budget airline, has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year. Continue reading
Nov 14 Food prices worried most voters, but they likely won’t see lower grocery bills under Trump By Dee-Ann Durbin, Associated Press Trump often railed on the campaign trail against hefty price increases for bacon, cereal and other products. But the steep food price inflation that stunned the U.S. and other parts of the world in 2021 and 2022 had complicated causes… Continue reading
Nov 14 Ford must pay up to $165 million penalty to U.S. government for moving too slowly on recall By Tom Krishner, Associated Press The National Highway Traffic Safety Administration says Ford was too slow to recall vehicles with faulty rearview cameras, and it failed to give the agency complete information, which is required by the Federal Motor Vehicle Safety Act. Continue reading
Nov 13 After 2 years of steady cooling, U.S. inflation rose slightly last month By Christopher Rugaber, Associated Press Consumer prices rose 2.6 percent from a year earlier, up from 2.4 percent in September. It was the first increase in annual inflation in seven months. From September to October, prices edged up 0.2 percent. Continue reading
Nov 13 Trump announces Musk and Ramaswamy will lead outside advisory group ‘Department of Government Efficiency’ By Colleen Long, Jill Colvin, Associated Press President-elect Donald Trump on Tuesday said Elon Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new “Department of Government Efficiency" — which is not, despite the name, a government agency. Continue reading
Nov 12 How Wall Street is reacting to a second Trump term in 8 different sectors By Associated Press While strong rhetoric on the campaign trail can cause these big swings, not all of the promises turn into actual policy. Continue reading
Nov 12 Biden spurred new factories and infrastructure projects. Trump will be in office for the ribbon-cutting By Josh Boak, Associated Press Inflation is easing and President Joe Biden's administration has teed-up a ready-made list of infrastructure projects that could go from theoretical to reality over the next several years. But it could be it could be Donald Trump, rather than Biden,… Continue reading
Nov 10 Watch 6:44 What to know about the ‘New Right’ school of economic thought advocated by Vance By John Yang, Andrew Corkery, Veronica Vela Vice President-elect JD Vance is an advocate of a new school of conservative economic thought that says tax policy and other government intervention should be used to promote stronger families, communities and industry. To learn more about the goals of… Continue watching